Few positive assertions. Just another blip in the free market place of ideas.
Tuesday, November 15, 2011
[This is a little different than what I envision for this blog - as it contains more than a few positive assertions - but wanted to share.]
just a brief note about the concept of "class warfare" and
"anti-corporatism". I don't think it is that simple. Some corporation
are pretty damned cool. Many rich people are rich because they are
hard-working and have great ideas. I don't see anyone picketing the
Gate's family. What is at issue is that many people make incredible
money playing money games - essentially gambling.
does depend on how smart they are - but not on the quality of the goods
and services that they produce. Their money depends on things like how
long the cable is to their computers, so their trades go in a couple
milliseconds faster. It depends on how much interest they can collect
because the people that owe them are unable to pay down the principle of
their loan; they get rich when people pay money and get nothing
tangible in return. I think many people were more than willing to let
this go - until it got completely out of hand.
were either insufficient or created unintended consequences. Banks
started trading financial "products" so exotic that even insiders were
perplexed - and somehow rain or shine - the banks won their bets. The
people became irresponsible borrowers, allowing credit to sustain them
instead of insisting on fair wages and benefits for work. Opportunists
started flipping houses on credit so frequently that HGTV was full of
reality shows about it. Then, as many suspected, it blew up - causing
difficulty for nearly everyone without a golden parachute.
incredibly happy that the problems of these systems have come to light.
I have hope that the next group of young people won't get trapped in
the cycle of debt that many of us have allowed ourselves to fall into.
This isn't a movement that ignores personal responsibility, is
anti-business, or pro-hand-out....quite the opposite. I'm hoping that
this conversation ends in pointing out that usury and gambling aren't
acceptable sins and a successful rebuttal to the bizarre neo-Calvinist concept that
being rich automatically means that God loves you more, that you are
responsible, that you aren't taking advantage of anyone, that you aren't
stealing, that you aren't sucking on the public teat, that you aren't a
drain on society, that you aren't dangerous, etc.